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Minneapolis pjt

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This document provides information about the cost of living in Minneapolis, Minnesota for two individuals, Sophia and Tao. It details their incomes, taxes, healthcare costs, housing expenses including rent and utilities, transportation, food costs, and discretionary spending. For Sophia, her annual savings after expenses is $21,825 while Tao saves $13,263.70 per year living in Minneapolis.

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Cost of Living…in Minneapolis Tao HeSophia Ziogas

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About the CityMinneapolis, MNPopulation: 382,578Average household income: $44,478Unemployment: 4.7%

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Financial starting point: SophiaGross Income:$60,000 per yearFederal income tax: $8,838State Income Tax:$4,665FICA:$4,590Net Income: $41,907Medicare:$840

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Financial starting point: TaoGross income: $40,000 per yearFederal income tax $4,475State income tax: $2,800FICA: $3,060Net income $29,665Medicare: $560

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Healthcare: SophiaBlue Cross Blue Shield individual coverage$67.50 per month$10,000 annual deductable$810.00 per year

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Healthcare: TaoBlue Cross Blue Shield of Minnesota80% individual coverage$5500 deductible$85 per month$1020 per year

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HousingUlyssess Manor 1835 Ulysses Street Northeast Minneapolis, MN 55418 (2 beds, 1 bath, 755 square feet)

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Housing ExpensesRent $750 per monthDeposit $750Furniture: $1200Refrigerator: $700TV: $340Total Expenses:$2,990Total rent: $375 per person per month

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Utility BillsWater and Electric bills: $72.86 per person per monthWaste fee:$23.00 per person per monthCell phone: Go-phone $300.00 per person per yearInternet: DSL, $29.00 per monthTotal Fees: $135.35 per person per month

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TransportationMetro-pass for Trains and buses $76 per month$912.00 per year per person

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Food for Sophia$120 per week for Groceries$70 to go out per weekTotal Food Expenses: $9,120 per year

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Food for TaoGroceries /eat at home: $3600 per yearRestaurant Dinning $1000 per year (Avoid mostly)Food related supplies (paper towels, eating utensils): $200 per yearTotal food Expenses: $4800 per year

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Extracurricular Activities: SophiaNetflix: $95.88 per yearClothing: $2000Cycling: $200Cross Country skiing: $90 for skis, $60 for boots, $20 poles

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Extracurricular Activities: TaoVideo Games: $400 per yearClothing: $1000 per yearMovies: $200 per yearGeneral Shopping: $600 per yearSpecial Occasions: $300 per yearCostco Membership: $100 per year

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Sophia’s Financial overview per year Net Income: $41,067Healthcare: -$810Annual Rent: -$4500 Housing Fees: -$1495Utility Fee: -$1624.3Public Transportation:-$912Food: -$9,120Extracurricular: -$2460.88Money Left: $21,825 = Total Savings

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Sophia’s Savings$21,825 leftSavings account: $10912.5Bank of America interest: 1.9%Checking account:$10912.5

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Tao’s Financial overview per yearNet income: $29,115Healthcare: -$1020 Annual Rent: -$4500Housing Fees: -$1495Utility Fee: -$1624.3Public Transportation:-$912Food: -$4800Extracurricular:-$2600Money left: $13263.7 = Total Savings

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Tao’s SavingsMoney left:$13263.7 Savings account: $6631.83Bank of America interest: 1.9%Checking account:$6631.83

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Work Cited"Bank of America | Please Select Your State." Bank of America | Home | Personal. Web. 01 June 2011. <http://www.bankofamerica.com/state.cgi?section=generic>. "Blue Cross Blue Shield of Minnesota Questions." Blue Cross and Blue Shield of Minnesota. Web. 01 June 2011. <https://www.bluecrossmn.com/distribution/planadvisor/questions.html>. "City of Minneapolis: Recreation." City of Minneapolis, Minnesota - Official Web Site. Web. 01 June 2011. <http://www.ci.minneapolis.mn.us/visitors/recreation.asp>."FICA & SECA Tax Rates." The United States Social Security Administration. Web. 01 June 2011. <http://www.ssa.gov/oact/progdata/taxRates.html>. "Minneapolis See Do: Things to Do in Minneapolis: Minneapolis Nightlife: Details, Information, Directions, Maps, Hours of Operation." Minneapolis Convention & Visitors Association. Web. 01 June 2011. <http://www.minneapolis.org/page/1/minneapolis-nightlife.jsp>. Minnesota Department of Revenue. Web. 01 June 2011. <http://taxes.state.mn.us/Pages/index.aspx>. "Passes & Go-To Cards - Metro Transit." Home - Metro Transit. Web. 01 June 2011. <http://www.metrotransit.org/passes-go-to-cards.aspx>. "Prepaid Phone Deals and Packages - Shop - Wireless from AT&T." Cell Phones, Cell Phone Plans, & Wireless Accessories - from AT&T. Web. 01 June 2011. <http://www.wireless.att.com/cell-phone-service/packages/prepaid-packages.jsp?wtSlotClick=1-005NJJ-0-2>. "Ulysses Manor in Minneapolis, MN." Apartments for Rent & Homes for Rent - Rent.com® Apartment Finder. Web. 01 June 2011. <http://www.rent.com/rentals/minnesota/minneapolis-st-paul-and-vicinity/minneapolis/ulysses-manor/643142/?sp=1>.

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Minneapolis pjt

  • 1. Cost of Living…in Minneapolis Tao HeSophia Ziogas
  • 2. About the CityMinneapolis, MNPopulation: 382,578Average household income: $44,478Unemployment: 4.7%
  • 3. Financial starting point: SophiaGross Income:$60,000 per yearFederal income tax: $8,838State Income Tax:$4,665FICA:$4,590Net Income: $41,907Medicare:$840
  • 4. Financial starting point: TaoGross income: $40,000 per yearFederal income tax $4,475State income tax: $2,800FICA: $3,060Net income $29,665Medicare: $560
  • 5. Healthcare: SophiaBlue Cross Blue Shield individual coverage$67.50 per month$10,000 annual deductable$810.00 per year
  • 6. Healthcare: TaoBlue Cross Blue Shield of Minnesota80% individual coverage$5500 deductible$85 per month$1020 per year
  • 7. HousingUlyssess Manor 1835 Ulysses Street Northeast Minneapolis, MN 55418 (2 beds, 1 bath, 755 square feet)
  • 8. Housing ExpensesRent $750 per monthDeposit $750Furniture: $1200Refrigerator: $700TV: $340Total Expenses:$2,990Total rent: $375 per person per month
  • 9. Utility BillsWater and Electric bills: $72.86 per person per monthWaste fee:$23.00 per person per monthCell phone: Go-phone $300.00 per person per yearInternet: DSL, $29.00 per monthTotal Fees: $135.35 per person per month
  • 10. TransportationMetro-pass for Trains and buses $76 per month$912.00 per year per person
  • 11. Food for Sophia$120 per week for Groceries$70 to go out per weekTotal Food Expenses: $9,120 per year
  • 12. Food for TaoGroceries /eat at home: $3600 per yearRestaurant Dinning $1000 per year (Avoid mostly)Food related supplies (paper towels, eating utensils): $200 per yearTotal food Expenses: $4800 per year
  • 13. Extracurricular Activities: SophiaNetflix: $95.88 per yearClothing: $2000Cycling: $200Cross Country skiing: $90 for skis, $60 for boots, $20 poles
  • 14. Extracurricular Activities: TaoVideo Games: $400 per yearClothing: $1000 per yearMovies: $200 per yearGeneral Shopping: $600 per yearSpecial Occasions: $300 per yearCostco Membership: $100 per year
  • 15. Sophia’s Financial overview per year Net Income: $41,067Healthcare: -$810Annual Rent: -$4500 Housing Fees: -$1495Utility Fee: -$1624.3Public Transportation:-$912Food: -$9,120Extracurricular: -$2460.88Money Left: $21,825 = Total Savings
  • 16. Sophia’s Savings$21,825 leftSavings account: $10912.5Bank of America interest: 1.9%Checking account:$10912.5
  • 17. Tao’s Financial overview per yearNet income: $29,115Healthcare: -$1020 Annual Rent: -$4500Housing Fees: -$1495Utility Fee: -$1624.3Public Transportation:-$912Food: -$4800Extracurricular:-$2600Money left: $13263.7 = Total Savings
  • 18. Tao’s SavingsMoney left:$13263.7 Savings account: $6631.83Bank of America interest: 1.9%Checking account:$6631.83
  • 19. Work Cited"Bank of America | Please Select Your State." Bank of America | Home | Personal. Web. 01 June 2011. <http://www.bankofamerica.com/state.cgi?section=generic>. "Blue Cross Blue Shield of Minnesota Questions." Blue Cross and Blue Shield of Minnesota. Web. 01 June 2011. <https://www.bluecrossmn.com/distribution/planadvisor/questions.html>. "City of Minneapolis: Recreation." City of Minneapolis, Minnesota - Official Web Site. Web. 01 June 2011. <http://www.ci.minneapolis.mn.us/visitors/recreation.asp>."FICA & SECA Tax Rates." The United States Social Security Administration. Web. 01 June 2011. <http://www.ssa.gov/oact/progdata/taxRates.html>. "Minneapolis See Do: Things to Do in Minneapolis: Minneapolis Nightlife: Details, Information, Directions, Maps, Hours of Operation." Minneapolis Convention & Visitors Association. Web. 01 June 2011. <http://www.minneapolis.org/page/1/minneapolis-nightlife.jsp>. Minnesota Department of Revenue. Web. 01 June 2011. <http://taxes.state.mn.us/Pages/index.aspx>. "Passes & Go-To Cards - Metro Transit." Home - Metro Transit. Web. 01 June 2011. <http://www.metrotransit.org/passes-go-to-cards.aspx>. "Prepaid Phone Deals and Packages - Shop - Wireless from AT&T." Cell Phones, Cell Phone Plans, & Wireless Accessories - from AT&T. Web. 01 June 2011. <http://www.wireless.att.com/cell-phone-service/packages/prepaid-packages.jsp?wtSlotClick=1-005NJJ-0-2>. "Ulysses Manor in Minneapolis, MN." Apartments for Rent & Homes for Rent - Rent.com® Apartment Finder. Web. 01 June 2011. <http://www.rent.com/rentals/minnesota/minneapolis-st-paul-and-vicinity/minneapolis/ulysses-manor/643142/?sp=1>.